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Corcept Therapeutics Incorporated (NASDAQ:CORT) Sees Significant Stock Increase Following Positive Trial Results
Financial Modeling Prep· 2026-01-23 00:05
Core Insights - Corcept Therapeutics is focused on developing drugs for severe metabolic and oncologic disorders, particularly in cortisol modulation therapies [1] - The company faces competition from Teva Pharmaceuticals and Mylan in similar therapeutic areas [1] Stock Performance - Analyst Swayampakula Ramakanth from H.C. Wainwright set a new price target of $105 for CORT, indicating a potential increase of approximately 46.8% from the current price of $41.47 [2][6] - Corcept's stock has seen a significant increase, with trading volume reaching over 3 million shares following successful results from the ROSELLA Phase 3 trial [3][6] - The current stock price is $41.61, reflecting a 14.60% increase with a change of $5.30, and the stock has fluctuated between a low of $40.46 and a high of $43.50 during the day [5] Clinical Trial Results - The ROSELLA Phase 3 trial tested relacorilant and nab-paclitaxel in treating platinum-resistant ovarian cancer, showing a 35% reduction in the risk of death for patients receiving the combination therapy [3][6] - The median overall survival for patients treated with relacorilant was 16 months, compared to 11.9 months for those on nab-paclitaxel alone, marking an improvement of 4.1 months [4][6] - The combination therapy was well-tolerated, with adverse events similar to those experienced with nab-paclitaxel monotherapy [4] Market Capitalization - Corcept's market capitalization stands at approximately $4.38 billion, with today's trading volume at 4,189,821 shares on the NASDAQ exchange [5]
ImprimisRx Announces Leadership Changes
Globenewswire· 2025-10-06 11:00
Core Insights - Harrow has announced leadership changes at its subsidiary ImprimisRx, appointing Frank Mullery as CEO and Bridseida Cruz as Head of Quality [2][5] Leadership Appointments - Frank Mullery brings over 20 years of experience in healthcare and pharmaceuticals, having previously served as President of Sintetica US and held senior roles at STI Pharma and Mylan, where he led significant revenue growth and product launches [3] - Bridseida Cruz has over 25 years of experience in quality and operations, known for her work in FDA remediation and operational efficiencies, including launching a new FDA-registered compounding facility that improved throughput by 20% [4] Company Vision - Harrow's CEO Mark L. Baum expressed confidence in the new leadership, emphasizing the importance of fulfilling unmet needs in U.S. eyecare and positioning ImprimisRx as a leader in ophthalmic compounding [5] Company Overview - Harrow, Inc. is a leading provider of ophthalmic disease management solutions in North America, focusing on safe, effective, and affordable medications for various eye conditions [6]
Perrigo: Opill Shows Where The Company Wants To Be
Seeking Alpha· 2025-04-24 22:21
Group 1 - Mylan made a $29 billion unsolicited bid to acquire Perrigo in 2015, which was later increased to $34 billion [1] - Perrigo, under then-CEO Joseph Papa, rejected the bid, citing reasons for the rejection [1]